Plan Ledger DOL Form 5500 · updated monthly

Lexitas Pharma Services, Inc.401(k)

LEXITAS PHARMA SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST · DURHAM, NC · plan year 2023

Reported admin expense ratio · 2023
0.06%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Lexitas Pharma Services, Inc. reported $6,037 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,860 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio fell from 0.065% to 0.059%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,096th of 2,005), and 7,918th of 11,654 in professional & technical services. In 2023, employees put in $2.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,260,350
Participants with balances194
Active participants156
Employer contributions$758,225
Employee contributions$1,783,793
Employer contribution per active participant$4,860
Average account balance$52,888
Benefits paid to participants$2,805,824
Plan auditUnmodified (clean) audit opinion
AuditorMPCOMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2024$10.1M · 163 accts · $470K emplr
2023$10.3M · 194 accts · $758K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,727
Total administrative$6,037
The Lexitas Pharma Services, Inc. 401(k) match · 2023
Employer contribution per active participant$4,860
Median for plans this size$1,308
2024$5,053 per active participant
2023$4,860 per active participant

Lexitas Pharma Services, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ALERUS RETIREMENT SOLUTIONS · Recordkeeping · Participant communication$6,037

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$5,978 · 0.06%
2023$6,037 · 0.06%
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Source: U.S. Department of Labor, Form 5500 series, EIN 453674982 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.